ERNZ vs. KBWD ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD)

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.72

Average Daily Volume

10,951

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

KBWD

PowerShares KBW High Dividend Yield Financial Portfolio ETF

KBWD Description

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$15.16

Average Daily Volume

174,355

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	KBWD
30 Days	-2.27%	0.62%
60 Days	-0.75%	0.55%
90 Days	0.83%	3.48%
12 Months		16.48%

12 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in KBWD	Overlap
AGNC	C	0.73%	3.51%	0.73%
APAM	B	0.18%	2.1%	0.18%
ARI	C	0.05%	3.04%	0.05%
DX	A	0.71%	3.25%	0.71%
FDUS	A	1.05%	3.19%	1.05%
FSK	A	3.48%	3.86%	3.48%
GSBD	F	0.36%	3.08%	0.36%
KREF	D	0.24%	2.15%	0.24%
PNNT	B	0.1%	3.22%	0.1%
PSEC	D	1.16%	3.08%	1.16%
RC	D	0.93%	3.3%	0.93%
TCPC	C	3.51%	3.8%	3.51%

ERNZ Overweight 156 Positions Relative to KBWD

Symbol	Grade	Weight
CLM	A	3.79%
OXLC	B	3.31%
INSW	F	3.07%
BCC	C	3.05%
CRF	B	2.98%
GBDC	B	2.98%
TSLX	C	2.89%
WSO	A	2.69%
QYLD	C	2.44%
KRP	B	2.27%
KR	B	1.7%
NEP	F	1.54%
GOF	A	1.51%
ABR	B	1.36%
DHT	D	1.34%
CTRA	B	1.26%
NAT	F	1.16%
MUR	F	1.13%
CAH	B	1.12%
HTGC	D	1.11%
ABBV	F	1.08%
HRZN	F	1.03%
SHV	A	1.01%
AVGO	C	1.0%
GNL	D	1.0%
BKLN	A	0.97%
CWH	C	0.91%
FANG	D	0.91%
GILD	C	0.9%
DKS	D	0.87%
CLX	A	0.87%
XMHQ	B	0.86%
AOD	D	0.78%
SPTN	F	0.77%
TRGP	A	0.76%
TFLO	A	0.74%
ARES	A	0.73%
ECC	D	0.73%
ACP	A	0.61%
USFR	A	0.54%
LRCX	F	0.51%
DAC	B	0.51%
FRO	D	0.46%
GBIL	A	0.44%
VIRT	A	0.42%
PDI	D	0.4%
GFF	B	0.39%
BIL	A	0.39%
CCOI	B	0.39%
OVV	C	0.37%
DDS	B	0.32%
STLD	B	0.31%
FCT	A	0.3%
COST	A	0.29%
SBR	B	0.27%
STNG	D	0.26%
GNK	D	0.26%
CNA	C	0.26%
PMT	D	0.25%
ARCH	B	0.24%
LVHI	A	0.24%
NEAR	C	0.23%
PULS	A	0.22%
RA	C	0.21%
NMFC	D	0.21%
BTI	C	0.21%
BAH	D	0.2%
BIZD	A	0.2%
UNIT	B	0.2%
SCHO	C	0.2%
MPC	D	0.19%
WINA	B	0.18%
FLBL	A	0.18%
CWEN	C	0.18%
SAH	B	0.18%
BXMT	C	0.18%
SRLN	A	0.18%
ALB	B	0.17%
COKE	C	0.17%
BRSP	C	0.17%
RAVI	A	0.17%
GOGL	C	0.16%
ARCC	A	0.16%
PAG	B	0.16%
VNLA	A	0.16%
DVN	F	0.15%
LYTS	A	0.15%
BGS	F	0.15%
VRIG	A	0.15%
ETD	D	0.15%
ICSH	A	0.15%
FLTR	A	0.15%
ROL	B	0.15%
GIS	F	0.15%
MINT	A	0.14%
TSCO	D	0.14%
FLRN	A	0.13%
FTSL	A	0.13%
NEM	D	0.13%
HYGV	A	0.12%
PBI	B	0.12%
MPW	F	0.12%
JCPB	D	0.12%
MO	A	0.12%
OHI	B	0.12%
GOVT	C	0.12%
GFI	D	0.11%
CIVI	D	0.11%
HLI	B	0.11%
CVI	D	0.11%
USDU	A	0.11%
JMST	A	0.11%
FTSM	A	0.11%
SHY	C	0.11%
IPAR	C	0.11%
HRB	D	0.11%
AMRK	F	0.11%
HSY	F	0.1%
FHI	B	0.1%
VGLT	D	0.1%
SQM	D	0.1%
RYLD	B	0.1%
PCAR	C	0.1%
DEA	D	0.1%
UVV	B	0.09%
UTG	A	0.09%
EDV	D	0.09%
WMK	B	0.09%
KMB	C	0.09%
FLOT	A	0.09%
ZROZ	D	0.09%
JPST	A	0.09%
XYLD	A	0.09%
AGZD	A	0.08%
KOF	F	0.08%
K	B	0.08%
LGOV	C	0.08%
OLN	F	0.08%
SJNK	A	0.08%
ASC	D	0.08%
PFE	F	0.08%
LADR	B	0.08%
CPB	D	0.08%
PEP	F	0.08%
MAIN	A	0.08%
PTEN	C	0.08%
JMBS	D	0.07%
AGZ	C	0.07%
IIPR	F	0.07%
NGG	D	0.07%
CL	D	0.07%
RDY	D	0.06%
USA	A	0.06%
PG	C	0.06%
PFLT	D	0.04%
IEF	D	0.04%

ERNZ Underweight 18 Positions Relative to KBWD

Symbol	Grade	Weight
TRIN	A	-3.92%
ACRE	B	-3.75%
EFC	C	-2.94%
EGBN	B	-2.91%
TRTX	B	-2.78%
BBDC	A	-2.72%
OMF	A	-2.5%
CSWC	D	-2.23%
TPVG	C	-2.23%
WASH	B	-2.18%
WU	F	-1.79%
FIBK	B	-1.74%
LNC	B	-1.63%
NWBI	B	-1.63%
KEY	B	-1.44%
JHG	B	-1.35%
PRU	B	-1.19%
JXN	C	-0.93%